Kraken Robotics books $102M in new orders, lifting 2026 announced total to about $457M with Covelya
Kraken Robotics says it booked $102 million in new orders since its August 27, 2026 update, bringing announced 2026 orders for Kraken and its July-acquired Covelya Group to about $457 million. More than 60% of those combined orders came from defense customers, the Toronto-listed marine technology company said.
Source: Ocean News & Technology
Of the latest $102 million, more than $55 million came from Covelya businesses serving offshore oil and gas and defense, $25 million from Kraken subsea batteries for defense unmanned underwater vehicles, and $22 million from synthetic aperture sonar systems—including what Kraken calls its largest single SAS order, from an undisclosed navy, for man-portable UUVs. Kraken says most of the recent product orders should convert to revenue within 12 months. Customer names for the navy sonar program and exact delivery schedules were not disclosed; third-quarter results are due November 24, 2026.
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